Nonprofit · EIN 87-3398574
EFI FOUNDATION
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,011,996 | $12,119,467 | $1,892,529 | $5,193,792 | $2,134,531 | $3,059,261 |
| December 31, 2023 | 990 | $4,136,283 | $5,208,492 | -$1,072,209 | $2,715,958 | $1,901,061 | $814,897 |
| December 31, 2022 | 990 (amended) | $3,416,194 | $1,529,088 | $1,887,106 | $2,591,182 | $704,076 | $1,887,106 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,963,548
- Program service revenue
- $10,804,174
- Investment income
- $0
- Other revenue
- $244,274
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,175,903
- Other salaries and wages
- $1,013,971
- Salaries, compensation and benefits (total)
- $3,328,651
- Professional fundraising fees
- $0
- Legal fees
- $201,848
- Accounting fees
- $270,322
- Occupancy
- $482,834
- Travel
- $239,154
- Depreciation
- $11,831
- Program services (functional)
- $9,689,681
- Management and general (functional)
- $2,269,095
- Fundraising (functional)
- $160,691
Balance sheet and other
- Total assets, start of year
- $2,715,958
- Total assets, end of year
- $5,193,792
- Total liabilities, end of year
- $2,134,531
- Net assets, end of year
- $3,059,261
- Land, buildings and equipment
- $36,799
- Net assets without donor restrictions
- $1,542,084
- Net assets with donor restrictions
- $1,517,177
- Gross receipts
- $14,011,996
- Employees
- 43
- Volunteers
- 5
- Year formed
- 2021
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Alexander Kizer | Senior Vice President Key employee | 40 | $285,105 | $22,414 |
| Stephen Comello | SVP, Strategic Initiatives Key employee | 40 | $235,239 | $31,026 |
| David Ellis | SVP of Policy Strategy/Outreach Key employee | 40 | $220,891 | $23,414 |
| Madeline Shomburg | Director of Research Highest-paid employee | 40 | $172,510 | $36,384 |
| Joseph S Hezir | EVP and Treasurer Trustee or director, Officer | 24 | $169,250 | $0 |
| Jeffery Brown | Managing Director Highest-paid employee | 20 | $157,455 | $0 |
| Michael Downey | Deputy Director of Research Highest-paid employee | 40 | $127,760 | $23,000 |
| Minji Jeong | Research Specialist Highest-paid employee | 40 | $108,892 | $31,515 |
| Ernest J Moniz | CEO and Director Trustee or director, Officer | 10 | $123,958 | $0 |
| Tatiana Bruce De Silva | Project Manager Highest-paid employee | 40 | $114,669 | $5,733 |
| Melanie A Kenderdine | EVP and Secretary (thru 4/30/24) Trustee or director, Officer | 20 | $64,606 | $0 |
| Charles Curtis | Director Trustee or director | 1 | $0 | $0 |
| Clint Vince | Director Trustee or director | 1 | $0 | $0 |
| Jeanette Pablo | Director Trustee or director | 1 | $0 | $0 |
| KAREN WAYLAND | DIRECTOR (AS OF 7/30/24) Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Meserve | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFERY BROWN | MANAGING DIRECTOR Key employee | 20 | $254,755 | $0 |
| STEPHEN COMELLO | SVP, STRATEGIC INITIATIVES Key employee | 40 | $235,079 | $15,795 |
| DAVID ELLIS | SVP OF POLICY STRATEGY/OUTREACH Key employee | 40 | $219,991 | $12,835 |
| MELANIE A KENDERDINE | EVP AND SECRETARY Trustee or director, Officer | 20 | $150,000 | $0 |
| JOSEPH S HEZIR | EVP AND TREASURER Trustee or director, Officer | 20 | $148,000 | $0 |
| ALEXANDER KIZER | SVP AND COO Highest-paid employee | 20 | $136,797 | $6,840 |
| MICHAEL DOWNEY | DEPUTY DIR OF RESEARCH Highest-paid employee | 40 | $130,874 | $6,362 |
| MADELINE SCHOMBURG | DIR OF RESEARCH Highest-paid employee | 40 | $115,954 | $16,362 |
| MINJI JEONG | RESEARCH SPECIALIST Highest-paid employee | 40 | $104,763 | $12,905 |
| TATIANA BRUCE DE SILVA | PROJECT MANAGER Highest-paid employee | 40 | $108,146 | $5,407 |
| ALICIA MOULTON | DEPUTY DIR OF COMMUNICATION Highest-paid employee | 40 | $104,417 | $8,041 |
| ERNEST J MONIZ | CEO AND DIRECTOR Trustee or director, Officer | 10 | $25,000 | $0 |
| JEANETTE PABLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD MESERVE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES CURTIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLINT VINCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFERY BROWN | PROGRAM DIRECTOR Highest-paid employee | 40 | $169,667 |
| JOSEPH S HEZIR | EVP AND TREASURER Trustee or director, Officer | 20 | $68,750 |
| MELANIE A KENDERDINE | EVP AND SECRETARY Trustee or director, Officer | 20 | $68,750 |
| ERNEST J MONIZ | CEO AND DIRECTOR Trustee or director, Officer | 10 | $11,458 |
| JEANETTE PABLO | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD MESERVE | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES CURTIS | DIRECTOR Trustee or director | 1 | $0 |
| FRANCES BEINECKE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 900 17TH STREET NORTHWEST SUITE 110, WASHINGTON, DC 20006-2501
- Principal officer (990 for 2024)
- JOSEPH S HEZIR, 900 17TH STREET NW SUITE 1100, WASHINGTON, DC 20006
- Signed the 990
- JOSEPH S HEZIR, EVP AND TREASURER
- Phone
- (202) 688-0010
- Website
- WWW.efifoundation.org
- 990-N for 2021 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: JOSEPH HEZIR, 900 17TH ST NW SUITE 1101, WASHINGTON DC 20006. Mailing address: 900 17TH ST NW SUITE 1101, WASHINGTON DC 20006.
- Return prepared by
- BDO USA
Mission
Educating the public on innovative evidence-based technology and policy solutions to complex energy challenges, combining rigorous analysis with a pragmatic approach to bridge the gap towards a low carbon energy future.
Program accomplishments
- In 2024, the three principal program service areas included clean energy finance, federal energy innovation program management, and clean hydrogen market formation. The Energy Futures Finance Forum (EF3) is a novel effort to identify policies and measures to expand the attractiveness of investment opportunities in clean energy to a broader cross-section of the investment community. The foundation issued several reports on this topic, including a framework report identifying potential additional sources of clean energy finance and a report on identifying opportunities to enhance investment opportunities in industrial carbon capture and storage. In 2024, the Foundation launched a new multi-year effort, the Nuclear Scaling Initiative, together with the Clean Air Task Force and the Nuclear Threat Initiative, to enable the expanded deployment of new nuclear energy generation. The foundation formed the Hydrogen Demand Initiative (H2DI), a consortium of six entities, to develop a novel program design to stimulate creation of new markets for clean hydrogen. The consortium conducted an extensive market assessment with outreach efforts to over 200 companies that expressed interest in hydrogen market formation. The project was a follow-on to previous work to identify the need for new policies and programs to enable the formation of regional markets for clean hydrogen in power generation, industrial, and commercial applications. Finally, the foundation continued work on a major study initiative on opportunities to improve the effectiveness, efficiency, and agility of federally funded energy innovation programs and projects.Expenses $9,689,681 · revenue $10,804,174
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3398574
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C05)
- Assets (IRS master file)
- $5,193,792
- Income (IRS master file)
- $14,011,996
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,011,996 | $12,119,467 | $5,193,792 | IRS |
| 990 | December 2023 | $4,136,283 | $5,208,492 | $2,715,958 | XML |
| 990 | December 2022 | $3,416,194 | $1,529,088 | $2,591,182 | XML |
| 990-N for 2021 Officer: JOSEPH HEZIR Filed under this EIN, most likely by a chapter or affiliate | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-3398574).
Questions about EFI FOUNDATION
- What is the EIN of EFI FOUNDATION?
- The employer identification number (EIN) of EFI FOUNDATION is 87-3398574.
- Is EFI FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to EFI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EFI FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EFI FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EFI FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EFI FOUNDATION?
- The 990 for the year ended December 31, 2024 names JOSEPH S HEZIR.
- Who are the officers and directors of EFI FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 11 received compensation from the organization, the highest $285,105 (Alexander Kizer, Senior Vice President).
- How much revenue does EFI FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,011,996, expenses of $12,119,467 and total assets of $5,193,792 at year end.
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